AvtoVAZ, Gazprom, Polyus Gold, Uralkali May Move: Russian Stocks Preview

The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.

The Micex Index of 30 stocks rose 0.5 percent to 1,401.81 at the close in Moscow. The dollar-denominated RTS Index advanced 0.4 percent to 1,455.64.

OAO AvtoVAZ (AVAZ RX): Russia’s largest automaker plans to sell new shares at 40.24 rubles each, Interfax reported. AvtoVAZ jumped 9.4 percent to 26.03 rubles.

OAO Gazprom (GAZP RX): Russia’s largest energy company plans to continue lowering its debt burden this year after cutting total debt 15 percent in the first quarter, Chief Financial Officer Andrei Kruglov said on a conference call. Gazprom rose 0.5 percent to 162.78 rubles.

OAO Polyus Gold (PLZL RX): Gold climbed for the third day this week on speculation that central banks will keep interest rates low for an extended period, boosting the appeal of the metal as an alternative investment. Polyus advanced 1.6 percent to 1,438.77 rubles.

OAO Uralkali (URKA RX): The Russian potash producer is expected to report second-quarter earnings. Uralkali rose 0.3 percent to 146.27 rubles.

To contact the reporter on this story: Lucian Kim in Moscow at lkim3@bloomberg.net

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